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Khadija
This is Khadija M. who is 50 years old. She is a widow with two grown children. She has two other dependants who depend on her because their parents cannot take care of them. She has been selling traditional African cloths called vitenge and kanga for about 5 years now. Khadija buys the traditional African cloths from the wholesaler and then she resells them. Currently she is making a monthly profit of about $90 USD. Khadija is requesting a loan of $450 USD to purchase additional stock of traditional African cloths. In the future, she plans to increase the quantity and range of the business.

SELFINA has taken a lead role as a pioneer of micro-credit in Tanzania through Micro-Leasing. The organization is engaged in the economic empowerment of women in Tanzania through the provision of a leasing and leaseback microfinance facility. Customs and traditions in Tanzania make it difficult for women to own land and assets, thus they are termed non-creditworthy by financial institutions. This leads to poor financial support and poor access to basic needs and services for women with low incomes. One of the primary advantages of microleasing is that is allows clients to use the equipment as collateral for future loans with SELFINA, thus enabling them to borrow larger sums in the future

About Tanzania

  • $1,700
    Average annual income
  • 35
    View loans »
    Tanzania Loans Fundraising
  • $14,312,325
    Funds lent in using Kiva
  • 1,155.6
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Khadija to purchase additional stock of traditional African cloth.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 4, 2008
Listed
Sep 20, 2008
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2009